XML 44 R11.htm IDEA: XBRL DOCUMENT v3.19.3
Note 5 - Earnings Per Share
9 Months Ended
Sep. 29, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
5.
     
EARNINGS PER SHARE
 
Basic earnings per share (“EPS”) is computed by dividing earnings attributable to the Company’s common shareholders by the weighted-average shares outstanding during the period. Diluted EPS includes the dilutive effect of securities, if any, and is calculated using the treasury stock method. For the
three
-month period ended
September 29, 2019,
914,535
stock options and
31,666
restricted stock awards were included in the calculation of Diluted EPS as such securities are dilutive. Inclusion of these securities resulted in
377,200
additional shares in the calculation of fully diluted earnings per share. For the comparable
three
-month period ended
September 30, 2018,
1,252,502
stock options and
17,500
restricted stock awards were included in the calculation of Diluted EPS resulting in
571,829
additional shares in the calculation of fully diluted earnings per share. For the
nine
-month periods ended
September 29, 2019
and
September 30, 2018,
914,535
and
1,252,502
stock options and
31,666
and
17,500
restricted stock awards, respectively, were included in the calculation of Diluted EPS as such securities are dilutive. Inclusion of these securities resulted in
382,711
and
548,004
additional shares, respectively, in the calculation of fully diluted earnings per share.
 
There were
266,000
and
502,250
outstanding stock options for the
three
-month periods ended
September 29, 2019
and
September 30, 2018,
respectively, which were
not
included in EPS as the effect would be anti-dilutive. There were
266,000
and
502,250
outstanding stock options for the
nine
-month periods ended
September 29, 2019
and
September 30, 2018,
respectively, which were
not
included in EPS as the effect would be anti-dilutive.